USD/JPY: "Window" acted as a resistance
The nearest “Window” has acted as a resistance, which led to form a bearish “Harami” pattern. Therefore, we’ve got the current downward correction. If the price faces a support on the 34 & 89 Moving Averages, bulls are likely going to reach the upper “Window” in the short term. As we can see on the Daily chart, there’s a probable “Engulfing”, which makes possible an achievement of the closest support line.
There’s a “Harami”, which had been confirmed enough. So, the market is likely going to test the nearest support line. If a pullback from here happens soon, bulls will probably try to catch a resistance on the 13 & 34 Moving Averages.